Crypto Schemes | FinTelegram News

Category: Crypto Schemes

May 25, 2023

Alleged Russian Crypto Money Launderer Lobbies For Prisoner Swap!

Alexander Vinnik, 43, the Russian co-founder of bitcoin exchange BTC-e, was arrested in Greece in 2017 on U.S. money-laundering charges and later extradited. He is facing U.S. money-laundering charges and allegedly laundered more than $4 billion of criminal proceeds via BTC-e. Vinnik pleaded not guilty and could be included in a prisoner exchange between the U.S. and Russia that could free detained Wall Street Journal reporter Evan Gershkovich.

April 16, 2023

Scammed Client? Game Developer FractureLabs Asks For Information About Crypto Exchange Huobi!

There is currently a call on Twitter from the video game developer FractureLabs, a partner and customer of the crypto exchange Huobi. FractureLabs is the developer of the blockchain-based multiplayer survival game Decimated and, in this context, also issued its DIO token and listed it on Huobi. Now FractureLabs claims to have been scammed by Huobi and turns to Twitter to collect data from the community for planned legal action against the crypto exchange.

April 4, 2023

Urgent Warning: Crypto Scheme OASIS Assets Downgraded To Black Compliance Rating!

OASIS Assets claims to be a crypto exchange and investment scheme offering investors various plans for guaranteed returns. The scheme does not have a license to offer financial products. We received a report today from one of the owners of the alleged operating companies. Apparently, Oasis Assets is a crypto scam that works with the credentials of companies that have nothing to do with the scam. We have, therefore, downgraded Oasis Assets on black compliance. Stay Far Away.

March 25, 2023

Arrested Terra-Luna Founder Do Kwon Is A Most Wanted Man Indeed!

Federal prosecutors in New York indicted the South Korean national Do Kwon, 31, on fraud charges Kwon faces eight counts, including conspiracy to defraud and engage in market manipulation, conspiracy to defraud, wire fraud, commodities fraud, and securities fraud. South Korea issued an arrest warrant for the former crypto CEO in September. The country's officials also asked Interpol to circulate a "red notice" Kwon. Law enforcement in Singapore also said they were investigating Kwon.

March 23, 2023

Montenegro Interior Minister Announced Arrest Of Terra-Luna Founder Do Kwon!

Do Kwon, the co-founder of the failed TerraUSD stablecoin, has been arrested in Montenegro after months of hiding, Montenegro Interior Minister Filip Adzic said on Twitter. The suspect was detained in the airport of the country’s capital of Podgorica with false documents. In September, South Korean authorities issued a warrant for Kwon’s arrest in September. The U.S. Justice Department is investigating the collapse of TerraUSD, WSJ reports.

March 22, 2023

OneCoin Case: Indictment Against Irina Dilkinska

The U.S. Department of Justice (DOJ) announced the unsealing of charges against the Bulgarian national Irina Dilkinska for participating in the massive OneCoin fraud scheme. OneCoin began operations in 2014 and was based in Sofia, Bulgaria. It marketed and sold the fraudulent cryptocurrency by the same name through an MLM network. Victims invested over $4 billion worldwide in the fraudulent cryptocurrency. Dilkinska was extradited from Bulgaria.

March 7, 2023

Crypto Fraud: SEC Announced Emergency Action Against $100 Million BKCoin Scheme!

The U.S. Securities and Exchange Commission (SEC) announced an emergency action against the operators of the crypto fraud scheme BKCoin. The regulator successfully obtained an asset freeze, appointment of a receiver, and other emergency relief against Miami-based investment adviser BKCoin Management LLC and one of its principals, Min Woo Kang a/k/a Kevin Kang, in connection with the BKCoin crypto asset fraud scheme, which raised $100 million.

February 17, 2023

U.S. SEC Files Fraud Complaint Against Terra-Luna Scheme And Its CEO Do Kwon!

In Q2 2022, the TerraUSD (USDT) stablecoin collapsed with an estimated $60 billion wipeout, shaking the global digital currency market. The USDT crash marked the begin of Crypto Winter with the collapse of other major crypto schemes. The U.S. Securities and Exchange Commission (SEC) charged Singapore-based Terraform Labs PTE Ltd and Do Kwon with orchestrating a multi-billion dollar crypto asset securities fraud involving an algorithmic stablecoin and other crypto asset securities.

January 13, 2023

Good News! US Court Ordered $17 Million Restitution Payments In BitConnect Scheme!

A U.S. district court in San Diego ordered that over $17 million in restitution be distributed to approximately 800 victims from over 40 different in the BitConnect crypto scheme that defrauded thousands of investors worldwide. In Sept 2021, Glenn Arcaro, 44, the top U.S.-based promoter for BitConnect, pleaded guilty to conspiracy to commit wire fraud. In Feb 2022, BitConnect founder Satish Kumbhani was indicted for his central role in the multibillion-dollar fraud.

January 12, 2023

A Crypto Miracle? Bankrupt Crypto Exchange FTX Found $5 Billion!

Hard to believe but evidently true. Collapsed cryptocurrency exchange FTX has located more than $5 billion of assets. "We have located over 5 billion dollars of cash, liquid cryptocurrency and liquid investment securities," Andy Dietderich, an attorney for FTX, told US Bankruptcy Judge John Dorsey in Delaware. However, a US bankruptcy court was told on Wednesday that the extent of customer losses is still unknown.

January 10, 2023

U.S. Crypto Exchange Coinbase Settles Money Laundering Case With $50 Million Penalty!

We have known for a long time that Coinbase accepts scam merchants and has a KYC problem. The New York regulator DFS has also recognized this. The U.S. crypto exchange Coinbase accepted a multi-million dollar fine for allegedly being too lax in its anti-money laundering precautions. The company settled the case with $100 million, the New York financial regulator DFS announced. The authority imposed a $50 million penalty and obliged Coinbase to invest a further $50 million in improving its control mechanisms.

January 7, 2023

Crypto Court Season: Disgraced Celsius Founder Alex Mashinsky Sued For Crypto Fraud!

She did it again! She is famous for going after crypto schemes and their operators. New York Attorney General Letitia James filed a civil lawsuit against Celsius Network founder Alex Mashinsky, alleging that he defrauded investors out of billions of dollars with his crypto lending scheme by hiding its true financial situation. Mashinsky allegedly continued to promote Celsius as a safe alternative to banks and paid up to 17% interest on deposits while already deep in shit!